Industry News

Asian Steel Group Aluminium aims to invest $38.1 million in Bulgaria’s upcoming facility

Views : 170
Update time : 2024-03-25 17:26:46
Asian Steel Group Aluminium Products, a Chinese car parts manufacturer, is investing over 35 million euros ($38.1 million) in a new facility near Bulgaria's second-largest city, Plovdiv, as per the city authorities.

The new plant, to be situated in the Trakia Economic Zone, will specialize in producing aluminium profiles for the automotive industry, as detailed by the business development unit of the Plovdiv municipality in a statement released on Monday.

Construction of the plant is expected to be completed within a year. The facility is anticipated to generate between 150 and 200 job opportunities.

Asian Steel Group Aluminium Products supplies prominent automotive companies such as Tesla, Volvo, and Fiat. The company operates subsidiaries in Mexico and Bulgaria to efficiently serve its international clientele.

Related News
Read More >>
Japan-focused aluminium premiums up by 13-28% amid tight supply and low global inventories Japan-focused aluminium premiums up by 13-28% amid tight supply and low global inventories
Feb .28.2026
Japan-focused aluminium premiums up by 13-28% amid tight supply and low global inventories
EGA announces $5 billion debt financing EGA announces $5 billion debt financing
Feb .28.2026
EGA announces $5 billion debt financing
40m aluminium superyacht marks the return of Tuxedo Yachting House from Ceccarelli family 40m aluminium superyacht marks the return of Tuxedo Yachting House from Ceccarelli family
Feb .28.2026
40m aluminium superyacht marks the return of Tuxedo Yachting House from Ceccarelli family
Global aluminium scrap Feb 2026 review: US surcharges, EU export fears, and Southeast Asian e-waste bans Global aluminium scrap Feb 2026 review: US surcharges, EU export fears, and Southeast Asian e-waste bans
Feb .28.2026
Global aluminium scrap Feb 2026 review: US surcharges, EU export fears, and Southeast Asian e-waste bans